Sunday, July 31, 2016

When the statist state runs out of ideas (and other's people money)

AS expected the rise of general Vladimir Padrino as co-president of Maduro has changed nothing. After all Venezuela has been a dictatorship for a while, of a new XXI century kind certainly, but a dictatorship nevertheless. It was all just a formality.

Padrino cannot succeed in his attempt at putting food on the table of Venezuelans. His multiple inspections, in combat drag, of food producers have revealed no scandal so far, no hoarding, no lack of manufacturing will. The reason why there is no food production in Venezuela is simple, it is because there is nothing to make food out of.

For better or for worse, and with chavista bred officers it is likely for worse, Padrino seems to have been put there to prepare, or chair, a transition out of Maduro's mess. We already have the first signs on how doomed this might be as clashes between radicals and pragmatists, military and civilians have come to the forefront this past week.

Wednesday, July 20, 2016

Recalling the recall

The news today, allegedly good, is that the CNE would have recognized that the 1% per state required signatures to call for a collection of a 20% required signatures to call for a recall election has been reached. Already from this sentence you know that the Recall Election this year is far from a sure thing. In fact, no matter what this tweet of Ocariz says, the date of a recall election is not going to be set before the January 2017 deadline after which the recall election is deemed useless (1).

Sunday, July 17, 2016

Thursday, July 07, 2016

Diary of Venezuelan businesses demise

It is now vox populi that Venezuela is suffering a major politically induced economic crisis which has yielded bread lines and people dead from the lack of medicine. The two root causes are well known. Historically it starts with a dependency on a major resource to feed a dysfunctional patronage and welfare state; oil. Populism has been the continuing line of politics since the late 60ies, a line dramatically expanded by Hugo Chavez since 1998. To this tradition Chavez added incompetency, empty ideas, willful prejudice, corruption and even drug traffic, the lone prosperous industry in Venezuela these days.

It is not the aim of this entry to detail the catastrophe that has befallen Venezuela. I will only write some of the key events that have happened to my business, making it nearly bankrupt not through my own possible incompetency but through regulations that have strangled the life of all private business that are not associated with the corruption of the regime.

Sunday, July 03, 2016

Revocatorio, Brexit and other assauts on democracy

This past week we got dramatic examples on the limits of democracy. Let's dispatch Brexit fast as the "revocatorio" will require some details.